Developers are offering a variety of payment schemes to attract buyers during the upcoming festive season. It is imperative that they understand what each payment plan entails. The attraction of delayed payments, no EMIs, etc.
The Punjab government's ambitious plan to mop up Rs 2,760 crore in the current financial year from stamp duty and registration fee is going to be an uphill task in view of the slowdown in the real estate sector.
The real estate industry received a much-needed boost recently when Sebi finally cleared guidelines for the Real Estate Investment Trusts (REITs). This gives the cash-strapped industry a new route to tap capital.